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Musha Ventures

New York, New York · Invests in Africa; Asia; US · Website

Pre-SeedSeedSeries AE-commerce & MarketplacesFintechHealthcare & BiotechInsuranceClimate & EnergySupply Chain & LogisticsFintech & PaymentsLogistics & Supply ChainHR Tech & Future of WorkHealthcare & Digital HealthClimate & Clean Energy

Thesis

Disciplined, Africa-focused seed investing backing exceptional founding teams solving real African problems with technology-enabled solutions demonstrating strong unit economics, capital efficiency, and ability to scale across emerging markets. Emphasis on founder quality, fundamental unit economics, sufficient capital for 18-24 month runway, and reasonable entry valuations.

Likely not a fit for

No teams lacking authentic founding stories, weak unit economics, or excessive burn rates. Avoids premium valuations creating disproportionate pressure for early execution.

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Advisor
Fund status
Actively deploying
Decision process
Solo GP

Partners & team

1 contact on file

AM

Aadil Mamujee

General PartnerFounder & Managing Partner · Primary contact

+ Pitch

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Portfolio

FlutterwaveFintech Payments

Flutterwave offers seamless payment solutions tailored for enterprises, startups, and emerging markets, enabling businesses to accept and process payments globally.

WasokoEcommerce Marketplaces

Wasoko is the largest B2B e-commerce platform in Africa, providing convenient and cost-effective access to essential goods and services across the continent.

M-KopaFintech Payments

M-Kopa provides innovative financial solutions through smart technology, enabling customers to access essential products and services.

Taptap SendFintech Payments

Taptap Send is an app that lets people send money back home to Africa, Asia, and the Caribbean quickly and at very low prices. It aims to provide a simple, rapid, no-fee mobile-to-mobile remittance service focused on underserved markets.

mPharmaHealthcare Digital

mPharma expands access to affordable, quality healthcare in Africa by digitizing community pharmacies and building resilient medicine supply chains. Powered by Bloom, our integrated pharmacy and health management platform, we enable the delivery of primary care, telemedicine, and chronic disease support for communities.

NombaFintech Payments

Nomba is a multi-currency banking app that allows users to send money to Nigeria and DR Congo from Canada, offering instant transfers, zero fees, and competitive exchange rates. It also provides personal banking services including savings accounts and POS terminals for businesses.

Carry1stGaming

Carry1st is a leading mobile games publisher in Africa, offering gaming products and top-ups. It has raised $6M in Series A funding to expand its mobile gaming services.

SharaFintech Payments

Shara provides financing solutions for small and medium enterprises (SMEs) in Nigeria, offering loans without collateral and competitive rates to help businesses grow.

Apollo AgricultureAgetech Longevity

Apollo Agriculture provides small-scale farmers with financing, training, quality farming inputs, and insurance to help them achieve profitable harvests and transition to commercial farming.

WorkPayHr Tech Work

WorkPay provides global HR and payroll software solutions tailored for the African market, simplifying multi-country payroll operations and employee management.

BushaFintech Payments

Busha is a digital money app that allows users to manage their finances and digital asset portfolio on a secure, SEC-licensed digital asset exchange. The platform supports trading over 70 digital assets and offers features like automated trading strategies, instant wallet funding, and the ability to earn interest on savings.

OvalFintech Payments

Oval Finance provides RESTful APIs for creating payment experiences, including customer and payment account management. Their APIs enable fintech providers to make payments simple and efficient for their customers.

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Research briefRead more
Musha Ventures Research Investment Thesis Musha Ventures is a disciplined, Africa-focused micro VC and angel fund founded by Aadil Mamujee in 2011. The fund invests at the earliest stages of company building, focusing on founders solving African problems with global reach across fintech, marketplaces, logistics, retail tech, HR tech, healthcare, agriculture, and gaming sectors. Musha operates as a

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